SeamlessWeb Tops Deloitte's New York Technology Fast 50 Ranking of Fastest- Growing Technology Companies, with 25,855 Percent Growth Over Five Years

Technology Fast 50 Winners Experience Average Revenue Growth of 245 Percent

Nov 03, 2005, 00:00 ET from Deloitte & Touche LLP

    NEW YORK, Nov. 3 /PRNewswire/ -- SeamlessWeb Professional Solutions, whose
 software links businesses and homes with restaurants in major metropolitan
 areas, was named the fastest-growing technology company in the state of
 New York, with 25,855 percent revenue growth over five years.
     A Rising Star in Deloitte's regional Technology Fast 50 program last year,
 SeamlessWeb was recently named the seventh-fastest growing technology company
 in North America by the Deloitte Technology Fast 500.
     Now in its seventh year, the New York Technology Fast 50 program --
 organized by Deloitte & Touche LLP -- ranks technology companies located in
 the state by revenue growth over five years. This is the first time that the
 program surveyed the entire state; last year's New York program focused
 exclusively on New York City, as well as Westchester and Rockland counties,
 and a separate program in Long Island.
     "We're excited to include upstate New York and Long Island in our expanded
 New York Technology Fast 50 program. Innovation and success are everywhere,
 from the suburbs of Suffolk County to the canyons of Manhattan to the
 laboratories of "Tech Valley" and the Capital Region and beyond," said
 Ed Moran, a director at Deloitte Services LP who leads the product innovation
 group and the chairperson of the New York Technology Fast 50.
     "The winners show that successful technology companies aren't only a West
 Coast phenomenon.  Indeed, our number one company ranks seventh in our
 national Fast 500 program. With the New York Technology Fast 50 now focusing
 on the entire state, this was a very competitive year, and we congratulate our
 Fast 50 class this year for their determination and success in driving a
 formidable 245 percent average growth rate over the past 5 years."
     This year's winners contributed more than $15 billion in revenues to the
 economy in 2004, collectively growing almost two and a half times the revenue
 over the past 5 years; last year, the average revenue growth for the
 50 companies was 50 percent. The 50 companies that comprise this year's list
 were honored at an award event last night at New York City's Battery Gardens
     The New York Technology Fast 50 ranking is as follows:
     Rank     Company Name                              City    5-Year % Growth
     1     SeamlessWeb Professional Solutions, Inc.      New York       25,855%
     2     FalconStor Software, Inc.                     Melville       19,976%
     3     Return Path, Inc.                             New York       11,793%
     4     Medidata Solutions, Inc.                      New York        9,126%
     5     I-Behavior, Inc.                              Harrison        7,253%
     6     User Centric Communications, Inc.             New York        2,872%
     7     SchoolNet, Inc.                               New York        1,946%
     8                              New York        1,672%
     9     Applied Wireless Identifications Group, Inc.  Monsey          1,178%
     10                                     New York        1,120%
     11    Par Pharmaceutical Companies, Inc.            Spring Valley     712%
     12    Crystal IS, Inc.                              Green Island      704%
     13    Patient Infosystems, Inc.                     Rochester         636%
     14    WebRecruiter, LLC                             New York          562%
     15    RiskMetrics Group, Inc.                       New York          556%
     16    DHB Industries Inc.                           Westbury          386%
     17    Saliva Diagnostic Systems, Inc.               Brooklyn          330%
     18    Intrasphere Technologies, Inc.                New York          326%
     19    Viewpoint Corporation                         New York          306%
     20    SIGA Technologies, Inc.                       New York          281%
     21    Oddcast Inc.                                  New York          266%
     22    L-3 Communications Holdings, Inc.             New York          261%
     23    Interpharm Holdings Inc.                      Commack           261%
     24    Eon Labs, Inc.                                Laurelton         260%
     25    Direct Insite Corp.                           Bohemia           257%
     26    Communication Power Corporation               Hauppauge         253%
     27    Comtech Telecommunications Corp.              Melville          236%
     28    Aeroflex Incorporated                         Plainview         227%
     29    Intelli-Check, Inc.                           Woodbury          226%
     30    Take-Two Interactive Software, Inc.           New York          214%
     31    eMeta Corporation                             New York          213%
     32    Scientific Games Corporation                  New York          211%
     33    Forest Laboratories, Inc.                     New York          204%
     34    Vitech Systems Group, Inc.                    New York          202%
     35    On2 Technologies, Inc.                        Clifton Park      202%
     36    Regeneron Pharmaceuticals, Inc.               Tarrytown         194%
     37    GlobalServe, Inc.                             Valhalla          178%
     38    LivePerson, Inc.                              New York          177%
     39    Entre Computer Services, Inc.                 Rochester         164%
     40    FiberNet Telecom Group, Inc.                  New York          164%
     41    Langer, Inc.                                  Deer Park         160%
     42    EDO Corporation                               New York          159%
     43    Albany Molecular Research Inc.                Albany            145%
     44    Alacra, Inc                                   New York          138%
     45    FatWire Corporation                           Mineola           127%
     46    AngioDynamics, Inc.                           Queensbury        125%
     47    Delta Computer Services, Inc.                 Farmington        125%
     48    OpenLink Financial, Inc.                      Uniondale         123%
     49    Medsite                                       New York          114%
     50    Hi-Tech Pharmacal Co., Inc.                   Amityville        113%
     Winners are selected based on percentage revenue growth over five years
 from 2000 to 2004. To be considered, Technology Fast 50 entrants must: have
 operating revenues of at least $50,000 in 2000 and at least $1,000,000 in
 2004; be headquartered in the state; be a "technology company," defined as a
 company that owns proprietary technology that contributes to a significant
 portion of its operating revenues; or devotes a significant proportion of
 revenues to the research and development of technology. Using other companies'
 technology in a unique way does not qualify. Subsidiaries and divisions are
 not eligible, unless they have some public ownership and are separately
     Trends among this year's list include:
     -- Manhattan is home to half of the state's Technology Fast 50 companies,
        with Long Island (Nassau and Suffolk counties) being the base for 11.
        Westchester County boasts 3 winners, and both Albany and Rockland have
        2 Technology Fast 50 companies.
     -- Software leads among industry representation with 15 companies on the
        list. Biotech and Internet follow closely behind, with 9 and 8
        companies, respectively.
     -- While private companies take 9 of the top 10 slots, the majority of
        this year's Fast 50 are public companies (26 public vs. 24 private).
     -- SeamlessWeb was also the seventh-fastest growing technology company in
        North America over the past 5 years, according to the Deloitte
        Technology Fast 500. It was one of 21 companies that made the list from
        the state.
     A special category called "Rising Stars" recognized the fastest growing
 technology companies based on revenue growth over a three or four year period
 (2001-2004). In this year's program, CORESense, Inc. (based in Saratoga
 Springs) was the sole company named to this category, with 633 percent growth
 over three years.
     The Technology Fast 50 program is presented by Deloitte, in association
 with The Bank of New York, Geller & Company, NASDAQ, Proskauer Rose, UK Trade
 & Investment, Rensselaer County and the NYU Stern School of Business.
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